Agreed-upon procedures are engagements undertaken in accordance with the International Standard on Related Services (ISRS 4400) applicable to agreed-upon procedures, in which an auditor is engaged to carry out specified procedures designed by an entity or any appropriate third parties, agreed and to report on factual findings.
An engagement to perform agreed-upon procedures may involve the auditor in performing certain procedures concerning individual items of financial data (for example, accounts payable, accounts receivable, purchases from related parties and sales and profits of a segment of an entity), a financial statement (for example, a balance sheet) or even a complete set of financial statements.
We will issue a report on factual findings consistent with the requirements of the interested parties.
